Changes

<span style="font-family:arial,helvetica,sans-serif;"><span style="font-size:medium;"><span id="docs-internal-guid-e3617c91-7213-fb06-964f-f36de952eb76"><span style="color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap;">Summary--</span></span><br/><br/><span id="docs-internal-guid-e3617c91-7213-fb06-964f-f36de952eb76"><span style="color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap;">William Papper is a student at Stanford University, having transferred from Washington University in St. Louis. He is double majoring in computer science and a multidisciplinary program involving Philosophy, Neuroscience, and Psychology. During his interview, Papper spoke about his experience as co-director of a student-led consulting organization for local startups and businesses: Bear Studios provides solutions in technology, business operations, and venture strategy for clients. Will went into detail about how to start and grow a consulting businesses using students at his university. He provided professional experience to the students he worked with, transforming how businesses connect with university students. Will also discussed in detail just how he formed the right team of student consultants, acquired clients domestic and abroad, and grew his organization to what it is now.</span></span>&nbsp;</span></span>

== <span style="font-familysize:arial,helvetica,sans-serif;large"><span style="font-sizefamily:medium;arial,helvetica,sans-serif"><span id="docs-internal-guid-e3617c91-7217-d22d-313e-d7acc4487738"><span style="color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap;">Student-led consulting organization</span></span></span></span>==

<span style="font-family:arial,helvetica,sans-serif;"><span style="font-size:medium;"><span id="docs-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10"><span style="color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap;">The student-led organization that Will started is a firm Generally students will be much eager in which students give ideas starting such organisations and advice to clients who approach them for a fee. These clients may be individual clients or organizational clients. For example when we travel to places we are not aware of, we hire a guide to us about look at all the places and we need to pay him. If some of such guides form a group and take turns to guide people it is a small Consulting Organization. In the same way if it is led by students, It is called a Student-led Consulting Organizationdifficulties they may come across.The major Difficulties they may come across are:</span></span><br/><br/></span></span>

<span style="font-family:arial,helvetica,sans-serif;"><span style="font-size:medium;"><span id="docs-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10"><span style="color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap;">Grouping 1. They may be done according to the strengths of individuals or else asking them to join the group of interests not get sufficient capital. An organisation will be more successful only when the employees work according to their passion. Make sure that you recruit only people that are passionate to work.Do Also if they get enough , they may not take any chance expend in recruiting because it would be only a project for you but it may be life for somebody elsethe right way.</span></span><br/><br/></span></span>

<span style="font-family:arial,helvetica,sans-serif;"><span style="font-size:medium;"><span id="docs-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10"><span style="color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap;">Generally students will be much eager in starting such organisations and 2. They may not look at all also get the difficulties they may come acrossproblem while working in team , certainly no one would compromise on their ideas.The major Difficulties they may come across are:</span></span></span></span>

<span style="font-family:arial,helvetica,sans-serif;"><span style="font-size:medium;"><span id="docs-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10"><span style="color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap;">1. They may not get sufficient capital3. Also if they get enough overcome every difficulty , they may not expend in the right waypromoting their organisation plays a very important role.</span></span></span></span>

<span style="font-family:arial,helvetica,sans-serif;"><span style="font-size:medium;"><span id="docs-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10"><span style="color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap;">24. They may Retaining their position in market for a long period also get the problem while working in team , certainly no one would compromise on their ideasanother difficult task for them.</span></span></span></span>

== <br/><span style="font-size:large"><span style="font-family:arial,helvetica,sans-serif;"><span style="fontbackground-sizecolor:mediumtransparent;"><span id="docs-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10"><span style=" color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap; text-indent: 36pt">3. Also if they overcome every difficulty , promoting their organisation plays a very important role.</span>Starting the consulting organization</span></span></span>==

<span style="font-family:arial,helvetica,sans-serif;"><span style="font-size:medium;"><span id="docs-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10"><span style="color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap;">4First of all the students who look forward to start a Consulting Organisation should look at the basic needs that the people want. Retaining their position in market for a long period also another difficult task for themThen they need to think up to what extent they can contribute to meet the needs of people.</span></span></span></span>

<span style="font-family:arial,helvetica,sans-serif;"><span style="font-size:medium;"><br/><br/><span style="background-color: transparent; color: rgb(0, 0, 0); white-space: pre-wrap; text-indent: 36pt;">Starting We know that students are busy and might be wary of the time commitment needed to complete short deadlines and big projects. Provide students support by giving them all the resources and tools they need. In this way students can be nudged past their comfort zone and realize their capability to work on a good team even while they are in school. Continue to reaffirm the value of the team members and that they see the consulting organizationproduct of their work. This could mean paying them or rewarding them in some other way.</span></span></span>

<span style="font-family:arial,helvetica,sans-serif;"><span style="font-size:medium;"><span id="docs-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10"><span style="color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap;">First Starting a client list can be intimidating at first and one of all the students who look forward to start toughest things in starting a consulting organization, but a Consulting Organisation should look at the basic needs good strategy in growing that the people wantlist is good marketing. Then Clients will usually approach you if they know you have technical skills they need, but you need to think up be out there talking to what extent people. A good way source of clients is the engineering department at your school; companies often reach out to different departments asking for students to work on projects and they can contribute refer them to meet the you. Business plan competitions or community plan competitions are another good option as they usually have start ups looking for people to satisfy certain needs . Another less thought of peopleoption is proactively emailing local companies letting them know you exist and are happy to work with them if they ever need your assistance.</span></span></span></span>

<span style="font-family:arial,helvetica,sans-serif;"><span style="font-size:medium;"><span id="docs-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10"><span style="background-color: transparent; color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap;">We know In terms of negotiating the price rates, due to the fact that students they are busy and might be wary of a student-led organizations, they charge less than the time commitment needed to complete short deadlines and big projectsstandard rates. Provide students support by giving them all However, they value the resources and tools they needopportunity for learning more than profit. In this way students can be nudged past their comfort zone and realize their capability According to work Will, he determines his pricing based on not only market rates but also the rates high-end companies are currently charging their clients, a good team even while normal mobile app development case usually costs from $500 to $2000. The payment method they adopted are in school. Continue to reaffirm two time payments including the value of one upfront and the team members and that they see one upon the product completion of their workthe project. This could mean paying them or rewarding them in some other wayA lawyer is needed for contract negotiations and processing legal documents.</span></span></span></span>

== <br/><span style="font-familysize:arial,helvetica,sans-serif;large"><span style="font-sizefamily:medium;"><span id="docsarial,helvetica,sans-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10serif"><span style="color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap; color: rgb(0, 0, 0)">Starting Growing a client list can be intimidating at first and one of the toughest things in starting a consulting sustainable organization, but a good strategy in growing that list is good marketing. Clients will usually approach you if they know you have technical skills they need, but you need to be out there talking to people. A good way source of clients is the engineering department at your school; companies often reach out to different departments asking for students to work on projects and they can refer them to you. Business plan competitions or community plan competitions are another good option as they usually have start ups looking for people to satisfy certain needs. Another less thought of option is proactively emailing local companies letting them know you exist and are happy to work with them if they ever need your assistance.</span></span><br/><br/></span></span>==

<span style="font-family:arial,helvetica,sans-serif;"><span style="font-size:medium;"><span id="docs-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10"><span style="color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap;">In terms Attaining consistency is not small thing to achieve. because it does depend on many internal and external factors of negotiating the price rates, due to organization. The organisation should Improve their strengths and overcome their weaknesses.Other than these the organisation should look at the fact opportunities that they are a student-led organizations, they charge less than available to them in market. It should also look at the standard ratesthreats such as competition etc. HoweverBesides these, they value the opportunity for learning more than profitorganisation improve its Research and Development ( R&D ) unit. According to WillBecause once a problem is solved , he determines his pricing based on not only market rates but also certainly another problem will be arised. So the rates high-end companies are currently charging their clients, a normal mobile app development case usually costs from $500 organisation should keep them updated according to $2000. The payment method they adopted are two time payments including the one upfront and the one upon the completion of the project. A lawyer is needed for contract negotiations and processing legal documentsneeds.</span></span><br/><br/><span style="background-color: transparent; white-space: pre-wrap; color: rgb(0, 0, 0);">Growing a sustainable organization</span></span></span>

<span style="fontbackground-familycolor:arial,helvetica,sans-serif;"><span style="font-size:mediumtransparent;"><span id="docs-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10"><span style=" color: rgb(0, 0, 0); background white-colorspace: transparentpre-wrap; vertical font-alignsize: baselinemedium; white font-spacefamily: prearial, helvetica, sans-wrap;serif">Attaining consistency is not small thing When it comes to achieve. because it does depend corporate structure, Will shared his experience with us about his mistake on many internal and external factors of the organizationnot forming an LLC when he first started. The organisation should Improve their strengths and overcome their weaknesses.Other than these the organisation should look at Forming an LLC is not only the opportunities that are available best way to them in market. It should also look at protect personal asset from the threats such as competition etc. Besides these, business debts and liabilities of the organisation improve its Research and Development ( R&D ) unit. Because once a problem is solved LLC, certainly another problem will be arised. So but also the organisation should keep them updated according LLCs to do not have to pay taxes at the needsbusiness level.</span></span><br/><br/></span></span>

<span style="fontbackground-familycolor:arial,helvetica,sans-seriftransparent;"><span style="font-size:medium;"><span id="docs-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10"><span style=" color: rgb(0, 0, 0); background white-colorspace: transparentpre-wrap; vertical font-alignsize: baselinemedium; white font-spacefamily: prearial, helvetica, sans-wrap;serif">When it comes There are many ways to corporate structure, Will shared his experience with us about his mistake on not forming an LLC when he first startedleverage the benefits in being a student led consulting organization. Forming an LLC is not only Being students gives the best way advantage of being able to protect personal asset from the business debts charge less; many students don’t have many living expenses outside of tuition and room and board; recourses are also provided on campuses, such as meeting rooms and liabilities of office supplies. Another benefit in being student led is the LLCeducation mission, but also the LLCs where clients feel good they are helping students learn and giving them a chance to do not have to pay taxes at the business levelwork on real world projects.</span></span></span></span>

<span style="font-family[[Christian Rice]] [[Murad Abduselam]] [http:arial,helvetica,sans-serif;"><span style="font-size:medium;"><span id="docs-internal-guid-7a00b119-7217-6616-a55b-294dc9ed6d10"><span style="color: rgb(0, 0, 0); background-color: transparent; vertical-align: baseline; white-space: pre-wrap;">There are many ways to leverage the benefits in being a student led consulting organization. Being students gives the advantage of being able to charge less; many students don’t have many living expenses outside of tuition and room and board; recourses are also provided on campuses, such as meeting rooms and office supplies. Another benefit in being student led is the education mission, where clients feel good they are helping students learn and giving them a chance to work on real world projects.</span></span><universityinnovation.org/span><wiki/span>User_talk:Siddhartha_Mondreti Siddhartha Mondreti] [[Oluwakayode Jasanya]] [[Mike Huang]] [[Category:Spinout]]